Topic: why bitcoin price have fallen today? (Read 1554 times)

Actually bitcoin price is related with trade in market and I think its normal and no need to worry about it if the trade is good so the price of bitcoin will be high and if the trade is slow so the price of bitcoin will be also slow because some time it happen in stock exchange but I’m sure that tomorrow the price will be high so need to wait.

Recent history has always taught us that bitcoin almost always recovers whenever it tumbles and so i don't know why others refuse to appreciate times like this and just start panicking and fretting around. I am too old to be scared by the prevailing rate of bitcoin.

Just keep calm and HODL.

I will share the best thing a read recently here. It is something Joseph Young tweeted:

"When #bitcoin price drops from $7,600 to $6,700 it is the end of the world. But when bitcoin price rises from $4,500 to $7,600 in a single month, it is expected.#Greed"

It is not the first and not the last bitcoin dip, why are you acting like this is something negative?
Even with the recent major correction, the bitcoin price has recorded almost 30% monthly gain.
Are you not satisfied?

Some very good points, one might be up for debate though: "nobody takes BCH as payment"

Really nobody? Certain sites I know started to offer more options than just BTC, for instance Dash and also BCH.
Would be interesting to see some actual numbers on this, like top 5 crypto coins offered as payment options currently.

Yes because they cancel the segwit2x that's why bitcoin has fallen but it is a good news for altcoin holder because as you can observe during the high price of bitcoin the altcoin really decrease. So I think all altcoin holder would celebrate. But it doesn't mean that bitcoin will decrease but it will increase by the end of this year.

Dont worry that bitcoin price is falling, instead just take this opportunity to buy bitcoin,the fallen of btc is cause from unhappened segwit2x of the past days.

I don't have a strong basis, but I think because of the cancellation of the upcoming fork, many investors decided to invests in altcoins, causing for BTC to drop. Anyways, the drop didn't happen long enough, after hours it is rapidly recovering. No worries, bitcoin will still bounce back whatever happens. Don't panic too much, if you see a btc drop, then use the chance to buy some while the price is too low.

I think that is one of the reason why the bitcoin is down right now but i dont know if they will still going to do the segwit2x i do read an article about which is i dont know if it is fake or true because they will not stop because of those 6 people that is stopping the segwit. Well wether they do it or not as long as it is good then i go for it.

Don´t worry about it probably it will get stabilize soon and go up again.

I agree with you, girl. We don't have to worry no matter what happen. Even though the price of bitcoin is falling now, we don't have to worry. Let us take it as an advantage to buy bitcoin because it becomes affordable to us. I believe that this price down will not continue for a long time. Just like before, it will recover and rise again so don't panic. Keep on holding your bitcoin and trust that it will back to normal.

im very surprice that bitcoin was totally down almost $1000. i think its all about the cancellation of the segwit2x few days ago. but still the price of bitcoin was profitable to use. no worry to make. just work it out

Me too Im really surprised what happened right now BTC value is falling right now but its ok i know things gonna be alright I hope it will increase again.

It’s better to take your profit now still you will be in profit if it is your last money in future days some more dump happens for sure may it will reach 4500$ to 5000$ . So take your profit and have a smile . Once it is dump some more you can buy .

bitcoin price have fallen down maybe because there are a lot of people manipulating the price of bitcoin. I hope that bitcoin is going to be back the value the way they have before.

Don't worry, if you sell now you will win 1k$ (6400-5400) per bitcoin but i am not telling you to do so  just hold and everything will be ok again. It is hard to stay comfortable and don't panic.
Just take a vacation and go out for two or three days and do something you like, when you will come back and log in to your wallet you will find that every thing is ok.
Sometimes the best thing to do is nothing.

bcc rose sharply, the market capital flows to bcc, resulting in btc prices. But this is only temporary, bcc will fall btc will rise.

I'm trying to understand what's going on right now reading as many opinions as possible. I must say though that whatever it is is quite charming and interesting in a way. This market is also nice for this, let's see what it deserve for us

+1. this is exactly what I think is happening and what will happen in the next few months.

We all know that, but what pushed miners to start supporting bcc is what caused the price to go down, the difficulty when mining bitcoin has increased a lot for the past few days and that puts it at a disadvantage, because with less miners on the bitcoin the higher the fees are on transactions, on the other hand bcc had a very slow start and poeple didn't care about it, all of this makes as think that this was a strategy made by the devs all a long just to make bcc succes forcing miners to get into it, but i don't think that this will go on for a long time, i am sure shortly things will go back the way they are because no one really cares about bcc.

+1 Agree. people write manipulation stories after every big pump. because everybody know that is fake pump. even tough miners support bcc who care? People trust bitcoin not miners coin and definetly greedy miners know that truth.

Obviously because of the segwit2x cancelled, people who holding their bitcoins for the hardfork sell back their bitcoins and turn it back into altcoins but i'm sure the price will go up again very soon. That huge dump on bitcoincash is a joke though, pretty sure a big whale dump the bitcoin cash.

For one day down no need to panic price correction is must at every stage to sustain.

The main reason what I observed is cancellation of Segwit2x and max bitcoin users afraid and start selling bitcoin might be the major cause. Nothing is constant so bitcoin will reaise again and it is the time we have to buy bitcoin.

dont worry, it will be recover again and bitcoin will grow up soon.

No, it`s wrong. BCH = scum. it`s korea and china attack!
STAND STRONG! STAND BTC

Are any of you making the jump from BTC -> BCH?

The price of bitcoin is reduced due to the nearing of Fork.It will further reduce and get into stable value.After the fork the price will again start to increase and as expect the price of bitcoin will reach 8000$ at this year end.

I'm sure some people are happy with the price of bitcoin today, I think this is because the segwit2x fails and most of the investors switch to BCC / BCH, and the bitcoin price also gives the opportunity for people who want to invest in the bitcoin price again down.

Yes there are some possible explanations which could be related to dip in bitcoin price like some of the miners supporting Bitcoin cash at the moment and the other reason is the cancellation of hark fork or B2X in the November.And now some are trying to make btc price go down but there is no need to worry because this is just temperory downfall and after a while Bitcoin price would be stable and price line would rise fast within end of 2017 just hodl

Bitcoin prices fell today, I think the reason is the accumulation of foam. Another reason is that these days BCH crazy, most of the money went into BCH, turnover of billions today. There is a part of the original bitcoin money is flowing into BCH.

You confused , you think price make the coin work.

Same mining pools make core BTC work & Bitcoin Cash coin work.

If those miners want your chain dead , all they do is quit mining it, chain freeze , coin becomes worthless and you lose everything.
They can kill coin at will, you naive to think different.

No one use core BTC to buy anything, transaction fees too high and takes too long.

That's what is called the Global Market .. can go down can also rise .. not possible in a global market will increase continue .. If we use this digital currency as a gamble then we always worry about it .. but if we invest in long term .. going down in a market will not be problematic, and still benefit both sides ..

yess thats true according to the site I've been read recently some of the bitcoiner said that the reason why bitcoin fall deep now a days because there will be an adjustment on it . Cause the value of bitcoin is to high maybe soon bitcoin value will recover. 

this is just temporary market manipulation like 100 times before.

bitcoin has risen too fast and too big but it was never in a bubble. the correction was down to $7000 and worse case scenario was to $6900 with a very strong resistance around $7000.
but with manipulation and force feeding people that it is a bubble, the fear was always there. with the SegWit2x being suspended, the FUD began which is led by bitcoin cash pumpers who want to redirect all the money to bitcoin cash market.

they have also manipulated the BCH difficulty in a way that it creates incentive for miners to go there and mine it. a miner who finds 1 block per hour is not finding 10 per hour on bitcoin cash so they obviously leave and that harms bitcoin temporarily.

and when all that is with lots of FUD and panic, the price crashes like this. but as you can see there are whales buying the cheap coins and will continue manipulating the market until this BCH attack comes to an end. by then there will be a jump back up above $6500 initially and then an accumulation phase and rise back to $7500+

most people here speculate that it is mostly cause by the cancellation of the segwit2x. When you really think about bitcoin is has been pumping for weeks, I think it is due time that the price correct, it just so happens that in timed with the cancellation or it just someone or group of people manipulating the price.

im little bit worried today that bitcoin drop down its price. im saving my bitcoin because i thought botcoin will increase the price but now its not what i think. but i put my faith to bitcoin and think positive.

I see people are easliy manipulated by some fake websites spreading fake news. Just keep you head calm and do your own research on what's happening.

Let's see...

The BTC bitcoin fee to get a transaction to happen in an hour is currently $13.86

(have to say "BTC" because there are multiple "bitcoins")

The BTC transaction backlog is huge

The BTC bitcoin developers are fighting and fragmenting

BTC mining is centralized with a tiny number of Chinese miners having the majority of hashing power (and thus control over what transactions happen)

BTC money is flowing into BCH because.. just because.

But nobody takes BCH as payment showing that whether a "coin" is used for payment or not doesn't matter (see Ethereum). This also shows whether a "coin" is used to actually buy things doesn't matter at all.

The number of bitcoins is essentially unlimited because ever time there is a fork, the number doubles. It is clear there will be no "official" bitcoin as everyone jumps ship to whatever they feel like.

Other than that...

Well a lot of those issues had been stated already but at least even if bitcoin has dropped users who had bcc and btg are now enjoying the delights of those increases. Bcc is now at 2000$ ang btg is even at 350$> i cant even imagine that btg at .6$ went toe a very high price. I regretted not buying btg when it was still low because i think it had no future. So now i know what happens a fork is cancelled.

It depends on the coins ...that the amount of the company has to cover the bitcoin ,so it falls down now .
It does not mean that bitcoin wages will affect people. So people still get their wages when they fall down bitvoin rises but still have to get them from bitcoin because for every money ,for me it is worthless for this collapse because it also goes back to the bitcoin addiction and sometimes decrease...

because of segwit fork and some of the investor sell their bitcoin to buy bitcoin cash. but i think bitcoin price will comeback next week they cant kill the bitcoin.

The plan goes like this: 
Chinese miners (f2pool, antpool etc etc) have organised with major exchanges (via/huobi/okcoin etc) to support and launch bitcoin cash. 
Initially they will let everyone who wants to sell, sell.     
Once the coin has bottomed out, and everyone who wanted to sell has sold, they [chinese miners/jihad/chinese exchanges] will begin accumulating lots and lots of bitcoin cash.   
They will then begin to pump the price  to around 0.1 BCC/BTC - 10% 
The big pools won't mine it ~ they will let the smaller pools see the returns from mining this expensive, but low difficulty coin and start mining it. 
Later, the larger pools will join, and as we know, jihad has ALOT of hashing power, their plan is for bitcoin cash to have more hashing power than bitcoin ~ and lets be honest, once t he chinese move over, that is pretty much it. 
Around this time, the 'hard fork' section of segwit 2x is not going to happen ~ it never was - Bitcoin cash will then be seen as the original NYA coin.. 
At that point in time, Bitcoin cash will be on all major chinese exchanges, possibly some western exchanges aswell, and have majority hashing power. Western companies & other merchant providers (BitPay - @Spair) etc - paid off by bitmain etc will go along with the new bitcoin cash narrative and will push for the 'bitcoin cash' to be called 'bitcoin' on all their platforms, leaving only coinbase et all which will then be the odd ones out.. 
   
Now comes the scary part, The old bitcoin, the bitcoin we know and love, is going to get DESTROYED. 
What determines a coins success ? It's market cap.   
Big old school blockers and miners are going to dump bitcoin back to the bottom, they will take literally billions and billions of dollars out of bitcoin. They will use the money to fund the marketing, and development, or 'bitcoin cash' - Think, Bitcoin core - FIRED.  Think - forbes article, "why bitcoin miners and companies are moving to bitcoin cash" - think - "Why the market is chosing bitcoin cash as bitcoin not bitcoin core"  - They wil lsay the market has spoken, that people have voted with their money.   
   
Right now, massive huge shorts are being built, already on finex, shorts are at 32k - not seen since $200 these kinds of numbers of shorts, and its climbing, all the t ime, consistently, they have ALOT of coins to short.   
     

monitoring the bitcoin price as of the moment i got worried as well but checking that it was due to segwit2x at least calmed my mind. Afterall after checking that it drop down its price i cashed in immediately and take this opportunity to buy more bitcoins. Dont fret this is a good thing especially to those who are starters and wanted to buy more.

Not everyday bitcoin will go high have a patience bro

Conspiracy

Miners and traitor want to kill BTC.
but they cant:)

https://pastebin.com/n0aGBMQr

I saw some post here in the forum last week that the value of bitcoin will be corrected and it will increase again before this year ends, i don't know if that's true or not.

today i have witnessed bitcoin drop drastically in few hours, to 5700$ but bitcoin cash is rising  extremely fast, 135% compared to yesterday. i know bitcoin will drop because the canellation of segwit2x but i have never thought bitcoin can drop too much like this, so i am little bit worry about bitcoin price today.

the bitcoin price dropped may be due to the canceled segwit2x so that many sell bitcoin and switch to another coin

The current downturn also makes me uncomfortable to look at it and a little worried about whether bitcoin will keep moving down till below $5k. This probably more people are selling bitcoin and moving on altcoins to investing. And now there seems to be other support for altcoins like on bitcoin cash. Whether it's more people who really investing in it or there is a specific purpose

There are two possible reasons in my opinion:

First, Segwit2x was cancelled, so people who bought Bitcoin for the airdrop is selling back. This also typically happens after forks.

Second, there are a lot of propaganda spreading around saying Bitcoin Cash is the true Bitcoin. Segwit2x backers who pulled their support at the last minute gave their support to Bitcoin Cash instead, creating unnecessary uncertainty.

Don't worry about it though. It will recover just as it always does. For now, you can buy the dip.

I've invested all of my last money to BTC at the price $5650, but btc still falling down and scaring me a little. I'm still put my faith in it and hope the situation would more bright in some next day. What do you think ? can you give me an advice or maybe just your analysis?

Unfortunately, it is indeed falling at this moment and that is probably caused by the cancellation of the segwit2x that was supposed to happen th month. But we should not be worried about it but rather take advantage of the backdrop and invest to Bitcoin. It woll eventually increase just like what usually happens whenever its market value is falling.

know someone what happened?